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- Written by: Shelly Campbell
- Category: Travel Trailer
- Hits: 155
It is tempting to add a travel trailer or fifth-wheel to your automobile insurance policy if your company allows it. That way, you avoid separate billing notices and maybe get multi-vehicle discounts. But does your trailer have the right coverages for how you use it?
Because you buy a stand-alone policy doesn’t mean you won’t get the discounts. Some companies will give you better multi-policy discounts by insuring them separately than the discount that applies when you add them to your auto policy.
The coverage varies from an endorsed auto policy and a separate-insured policy. The way an insurance company calculates the value of the structure may differ between the two types. Are they going to pay you the depreciated value of the trailer or the cost to replace it? That is the question you need to ask when weighing the difference.
Liability automatically extends from the auto policy covering the towing vehicle to the travel trailer when hooked up and in motion. But does the liability extend when the travel trailer is parked, leveled, and detached from the vehicle? For example, if someone comes to visit the campground or RV park where the trailer sits and gets injured in or near the rented space but the truck or SUV is somewhere else, would the auto policy cover them? When you call, we can answer these questions and more.